From early beginnings locally, IDR now supports over 40,000 investors and 300 fund managers with a global team across 11 countries, 24-hours a day.
Founded in 2015 within fund services provider Apex (formerly Ipes) the fintech business spun out three years ago to pursue its vision of an investor onboarding clearinghouse for the private markets.
Tim Andrews IDR’s founder and CEO says “The private markets are evolving to meet rising demand from retail investors. However, the time and cost associated with onboarding, essentially proving an investor’s eligibility to invest from a legal, compliance and tax perspective, often acts as a barrier to entry for non-institutional investors. We provide a solution by approving investors once, so they don’t need to fill out complicated forms and share personal documents multiple times.”
Over the past 12 months, IDR has achieved several strategically significant milestones including:
- Partnership with and investment from Hamilton Lane, one of the world’s largest private markets fund managers.
- Building a strong bench – to underpin its growth and future plans, the firm has hired an Executive Team comprised of experts in operations, finance, people and technology.
- Launching 24-hour support for its global client base.
- More than 50% of private markets investors globally are now using IDR’s hub, and this is rising all the time.
Hamilton Lane’s support will enable the firm to further enhance the feel and functionality of its technology, grow its global team and pioneer the tokenisation of investor identity to revolutionise the private markets investment experience.
“Ours is a simple yet highly effective concept that’s underpinned by a unique combination of technology and human expertise. One of the most rewarding aspects about growing the business is the opportunities it’s creating for our people, both locally and further afield. We’re one global team and it’s very much the whole team’s commitment to our vision that’s fuelled our growth and enabled us to support larger clients with more sophisticated mandates.”
“It’s apt that on this anniversary of our spin out I was reflecting on our growth from halfway up Mont Blanc in the French Alps. It’s been a tremendously challenging journey to get to where we are today, that’s required commitment, vision and determination. Whilst it’s great to look back, I’m most excited about looking ahead, upwards, to where we go next” concludes Tim.
